Dubai developer Union Properties (UPP) has denied rumors that it is exposed to embattled Abu Dhabi-based NMC Health, whose debt position was estimated at $6.6 billion in March. In a statement on the …
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UAE stocks up for second day amid market wide optimism
Dubai Financial Market (DFM) index were up 3.4 per cent at 1,891 points, after rising as much on Friday. Abu Dhabi Securities Exchange (ADX) rose 2.4 per cent to 4,213 points, after gaining over 6 per …
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How a Gulf Prince Charmed Jokowi and Poured Money Into Indonesia
Follow Bloomberg on LINE messenger for all the business news and analysis you need.During a visit last summer where he strolled through the tropical gardens next to Indonesia’s summer Presidential …
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Dubai property market sees 5,000 new homes delivered in Q1-20
MBR City has been seeing a steady flow of handovers. Sales volumes at this upscale cluster too have seen a spike in recent quarters. Image Credit: Abdel-Krim Kallouche/Gulf News Dubai: Dubai’s …
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Dubai residential property demonstrates resilient start to 2020
DUBAI: Dubai’s real estate market displayed several encouraging signs over Q1, including an annual rise in sales volume and a slowdown in the pace of value declines across the Emirate. “This positive …
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Student homes a bright spark for Dubai property market
Though Dubai’s property market is transitioning through a downturn there’s an upside in the market for student properties, where demand is forecast to continue growing while supply remains fairly …
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Dubai Q1 property transactions exceed expectations despite a seemingly slow March
March alone saw more than 1,209 mortgage registrations, which is the highest number of registrations since October 2019 and 24.8 per cent more than March 2019. Dubai registered a total of 10,243 real …
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Dubai residential property demonstrated a resilient start to 2020, says Chestertons
Dubai Sports City witnessed the largest price decline, falling from AED692 per sqft to AED670 per sqft, followed by Discovery Gardens where prices decreased from AED576 to AED558 per sqft. Read: UAE: …
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Dubai’s Emaar Slashes Salaries by Up to 50% Amid Pandemic
Follow us @middleeast for more news on the region. Emaar Properties PJSC, Dubai’s largest publicly-traded developer, cut executive and staff salaries across its businesses as the coronavirus …
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Allsopp & Alsopp Q1 Report 2020- Very strong start to Dubai’s real estate
Business has certainly not continued as usual, the last week of March and the start of April in particular, but the figures we are reporting are proof that the property market in Dubai had a very …
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Dubai’s Emaar suspends construction projects due to virus – sources
Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familiar with the matter said, as the coronavirus pandemic …
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Luxury Dubai property prices edge upwards in Q2
Luxury property prices in Dubai registered their first rise for years during the second quarter of 2019, according to new research by Knight Frank. Prime residential values rose by 0.3 percent in the …
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Reportage Properties To Deliver 5 Projects In Next 3 Years
Reportage Properties, Abu Dhabi-based leading real estate developer, revealed that it is ready to hand over five new developments in Abu Dhabi within two to three years. “The five projects offer more …
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Reckless driver made to clean Abu Dhabi street
Image Credit: Courtesy: Abu Dhabi Police Abu Dhabi: An Emirati youth arrested for reckless driving and damaging public property was sentenced to community service by the Abu Dhabi Police.
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Revealed: how far UAE property prices have fallen so far in 2019
Dubai apartment sale prices in the first half of 2019 are 3.9 percent cheaper than six months ago, according to new data. The Property Finder Trends report showed that apartments for sale fared worse …
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Bloom Properties begins handover of park view apartments on Saadiyat
Abu Dhabi-UAE: Leading real estate developer Bloom Properties announced today that it has begun the handover of units to owners at the prestigious Park View development on Saadiyat Island. The …
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Imkan eyes Egypt expansion with second major project
Imkan Properties, an Abu Dhabi-based developer, is boosting its portfolio of investment in Egypt with plans for a second major development as it begins handing over units from its Dh15 billion …
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